A New Jersey Real Estate Agent Focused on Clarity and Strategy
Patrick Rumore is a New Jersey real estate agent who works with buyers, sellers, and investors to help them make more informed real estate decisions.
His approach is straightforward: explain how things actually work, remove confusion, and help clients understand their options before they make a move.
About Patrick Rumore
“Author of ‘The 1031 Secret: Deferring Taxes Is Not Just for the Wealthy’”
Why He Wrote “The 1031 Secret”
Many property owners assume that selling an investment property automatically means paying a large tax bill and starting over with whatever is left.
At the same time, terms like “1031 exchange” often sound complicated or out of reach, which leads many people to ignore the option entirely.
Patrick wrote “The 1031 Secret: Deferring Taxes Is Not Just for the Wealthy” to explain how 1031 exchanges actually work, in plain English, using realistic examples instead of technical language.
A Practical, Real-World Approach
Patrick’s focus is not on theory or overly technical explanations. It’s on helping property owners understand how real estate decisions play out in the real world.
That includes thinking beyond just the sale itself and looking at what comes next:
● Where the equity goes
● How replacement properties are chosen
● How timing and structure affect the outcome
What That Means for You
● Clear explanations without unnecessary jargon
● Honest conversations about pricing, strategy, and timing
● A focus on long-term outcomes, not just transactions
● Help coordinating the real estate side of more complex situations
Understanding the Role He Plays in a 1031 Exchange
A 1031 exchange involves multiple professionals, each with a specific role.
Patrick’s role is focused on the real estate side of the process, including:
● Helping you evaluate when selling may make sense
● Identifying potential replacement properties
● Structuring transactions in a way that aligns with 1031 requirements
● Coordinating with your CPA, attorney, and Qualified Intermediary
He does not act as a tax advisor, attorney, or Qualified Intermediary. Instead, his role is to help ensure the real estate decisions support your overall strategy.
Local Knowledge Matters
New Jersey real estate markets can vary significantly from one town to the next, including differences in pricing, demand, rental potential, and property taxes.
Having local insight helps ensure that any investment or exchange decision is grounded in actual market conditions, not assumptions.
Who He Works With
Patrick works with a range of clients across New Jersey, including:
● Property owners considering selling
● Real estate investors
● Buyers looking to enter or expand in the market
● Clients exploring options like 1031 exchanges
What to Expect When You Reach Out
The first step is a conversation.
That conversation is focused on understanding your situation, your goals, and whether a move, including a potential 1031 exchange, makes sense for you.
Sometimes the right answer is to move forward. Other times, it’s to wait or take a different approach. The goal is clarity before action.
Contact Information
Important Disclaimer
Patrick Rumore is a real estate agent and not a CPA, tax attorney, financial advisor, or Qualified Intermediary.
All information provided is for general educational purposes. Before making decisions related to a 1031 exchange or tax strategy, you should consult qualified professionals.
Your Next Step
If you’re exploring the idea of selling an investment property or want to better understand how a 1031 exchange works, the book is a good place to start.
Address
17-10 River Rd.
Suite 3C
Fair Lawn, NJ 07410
